Due to the continuous increase in the prices of petrol and diesel, the government is under great pressure to cut their prices. To get relief from their increased prices, there is a demand to bring them under the purview of GST. Recently, the Prime Minister and then the Chief Economic Advisor Krishnamurthy Subramaniam also advised to bring it under the purview of GST. Before this, Petroleum Minister Dharmendra Pradhan has also suggested this. However, Finance Minister Nirmala Sitharaman has described it as religious. Now SBI economist Soumikanti Ghosh has said that after being brought under the ambit of GST, the price of petrol and diesel can come to Rs. 68.
Petrol and diesel fall in GST, 0.4% loss to GDP
Saumyakanti Ghosh has said in his assessment that petrol and diesel and the state governments will only incur a revenue loss of one lakh crore rupees which will be 0.4 percent of GDP. This assessment has been done based on the price of crude oil in the international market at $ 60 per barrel and a dollar-rupee exchange rate of 73 rupees per dollar. Both the central and state governments impose their tax on petrol and diesel. States apply VAT on petrol and diesel as per their requirement. The center imposes excise duty. With this, the center's cess is put on it. In some parts of the country, the price of petrol has reached 100 rupees a liter.
Saudi Arabia turned down India's request
Meanwhile, OPEC has ignored India's plea to lift applicable controls on crude oil production. At the same time, there has been an increase in the price of crude oil in the international market. Saudi Arabia has told India that it can use the crude oil it bought at the time when the price of crude oil went down significantly last year. Brent crude oil, which is the most used crude oil, rose nearly one percent to $ 67.44 a barrel on Friday.
Petroleum Minister Dharmendra Pradhan appealed to OPEC countries to reduce the restrictions imposed on production to bring stability in the price of crude oil. He believed that due to the rising crude oil prices in the international market, both the improvement in the economic sector and the demand are having a bad effect.
Nikki's murder case has given rise to many such questions, whose answers have become necessary fo
Dhurandhar has been making headlines ever since its release. The film is garnering attention and
Congress embarrassed by the mistake of Chhattisgarh minister Singh Deo, BJP told CM Baghel
While discussing with the delegation of striking employees of the Chhattisgarh Government, State
Big action has taken place today in the paper leak case of the Rajasthan Sub Inspector Exam 2021.
Pakistan is nervous after India attacked Pakistan. Pakistan's condition is so bad that it is now
Cyber fraud in India is evolving rapidly, with scammers constantly inventing new tricks to steal
Shehnaaz-Janhvi: Ignoring Shehnaaz cost Janhvi a lot? Users said – Look at the attitude of Nepokids
Shehnaaz Gill is going to step into Bollywood through Salman Khan's film 'Kisi Ka Bhai Kisi Ki Ja
Uttar Pradesh elections: The fate of these leaders will be decided in the third phase
Voting for the third phase of the Uttar Pradesh assembly elections is going to be held on the 20t
Of course, the third wave of the corona has knocked rapidly in Haryana, but this time only very f
The death toll in the cable bridge accident in Morbi, Gujarat has risen to more than 140 people.
